Stepstone Academy

Charity Navigator Rating: Needs Improvement

Stepstone Academy has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization shows some strengths, it also faces significant challenges. The accountability and finance score of 65% reflects a solid commitment to governance, as evidenced by a fully independent board and robust financial oversight. However, the lack of a whistleblower policy and a document retention policy detracts from their overall accountability.

The nonprofit demonstrates a high program expense ratio of 97.05%, which suggests that a large portion of its budget is directed toward its programs rather than administrative costs. This focus on program expenditure is a positive aspect of the organization. Nevertheless, the liabilities to assets ratio of 191.69% raises concerns about financial stability, and the negative working capital ratio could indicate potential liquidity issues.

Overall, while Stepstone Academy shows good governance practices and a strong commitment to program expenses, its financial challenges and missing policies highlight areas that need improvement for better operational effectiveness and trustworthiness.

This AI summary has been generated from information found on Charity Navigator.

Stepstone Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stepstone Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,243,845

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